Voluntary Retirement Savings Plans
A group pension plan introduced by the Quebec government to help Quebecers save for retirement.
As a result of Quebec legislation, businesses with 5 or more eligible employees must provide a workplace savings plan. A Voluntary Retirement Savings Plan (VRSP) is a simple, low cost, easy-to-administer workplace savings plan in which employee contributions are deducted directly from payroll using pre-tax dollars. A VRSP is solely for employers who do not already offer Group Retirement Savings Plans.
To learn more about Voluntary Retirement Savings Plans, we invite you to reach out to us.